taylor: i'm taylor riggs and this is "bloomberg technology." google gets fit. they will buy fitbit in an effort to boost hardware. plus, a matter of national security. tiktok is said to be under review in the u.s. and apple tv+ launches. first, our top story, google agreeing to buy fitbit for $2.1 billion in cash. the fitness tracking device company jumped on the news. i am joined by garrett divina. what does fitbit know about hardware and software and health that google doesn't? gerrit: a good question. google has been rumored about talking about a smartwatch. but the operating system has been a collapsed and is not as - has been eclipsed by competitors. and is not as popular as android. what they are doing is saying let's buy fitbit and build our business from that. taylor: fitbit is seeing its third annual year of sales decline. why is it an attractive choice? gerrit: it's one of the few choices, i'm not sure attractiveness is what is going on. as you said, they have been in decline, they struggled as apple came out with the apple watch and can do things a lot of fitbit devices

♪ taylor: i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology." coming up in the next hour, bundle up. apple considers bundling digital services as soon asked 2020. we have details. plus, the standoff simmers. alibaba co-founder jack ma says the u.s. and china risks 20 more years of trade tensions. we will hear part of his exclusive interview with bloomberg news. cooks in the kitchen. we will look at the now competitive space of rental kitchens. about a startup called virtual kitchen. first, to our top story. so apple is considering bundling its digital services including news plus, tv plus, and digital -- apple music. gainis seen as a bid to more subscribers. the tech giant is already experimenting with this kind of approach, offering free apple tv plus subscriptions to student users of apple music. through.k me what are we bundling and why? mark: thank you for having me. like you said, apple wants to bundle together different paid services. they have had apple music since 2015. they came out with four or five new ones across 2019 this year. ch

♪ taylor: i'm taylor riggs intent -- in san francisco, in for emily chang. this is "bloomberg technology." we will get details on disney plus. we will get details. plus, tesla's global reach. the automaker gets the nod from beijing to start mass production in its china factory. this as tesla announces it is beginning a plant in berlin. we will have details. return of the mac. apple introduces its 16 inch macbook pro. starting at $2400. we will rate its function and design. first, to our top story, it's all about disney. they signed up 10 million customers in one day of launching their new streaming video platform. disney plus just became available yesterday in the u.s. and canada. the strong initial interest could lead disney to hit its target at 60 million to 90 million worldwide subscribers for its new service two years ahead of the original 2024 goal. to discuss, we are joined by chris palmeri. with the stock trading at a record high, how much more was 10 million than what we expected? chris: a lot more. hbs now, cbs all access, espn plus, the world wrestling network, a lot

♪ taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." coming up in the next hour, bottom line versus data breaches. facebook's intentions questioned after leaked court documents emerge. we have details. plus, trouble woes. shares of online travel company expedia falls thursday after they posted disappointing earnings. we hear from the ceo in an exclusive interview. and disney magic. the global media giant beats fourth quarter bottom-line estimates. we will break down the results ahead of disney's highly anticipated streaming platform debut. but first, to our top stories. facebook continues to struggle to regain trust over how it handles user data. but that has become more complicated. there has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. it is something that facebook publicly touted when it decided five years ago to cut off tens of thousands of developers from its platform. to discuss, i'm joined by bloomberg technology's sarah frier, as well as ben brody in washington. sa

♪ i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." investors sink their teeth into faang. big tech delivers strong returns. some say companies like apple have room to run. plus, food delivery company door -- considers a -- doordash considers a listing instead of an ipo. we will hear from qualcomm ceo steve mollenkopf on the race to 5g. climbing to a record even as the dow sank following disappointing reports from retailers. some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. reports that u.s. and chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. i went head over to new york where bloomberg cross asset reporter sarah ponczek is standing by. are we ignoring the trade headlines? sarah: i don't know if we are completely ignoring the trade headlines, at least the good ones. that the u.s. is softening its stance, that did engage in negative outlook. , ae a day like yesterday bureau chief from cnbc noted that the tone in china is pessimistic. they were unfortunately se

♪ taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology." coming up in the next hour, wilbert shares fall to a record low as the ride-hailing companies walk out period ends. plus, disney releases earnings before the disney streaming service becomes available. more on the outlook and global reach. and the u.s. government says russia, china, and iran will seek to meddle in elections going forward. how vulnerable are we? we get to opinions from ethical hackers. it was a week of reckoning for uber. they posed selling restrictions for early investors lifted wednesday, making it one of the most actively traded stocks shares some record lows, not a good look. the stock is down 40% from its debut. for some perspective, i caught up with guests. >> a lot of people are just sick of waiting around for it to get better. we saw the stocks fall. again, there are some questions around when this could continue, considering a number of early investors are not underwater and could see potential upside. taylor: walter, the volatility today, is this a day issu

. ♪ taylor: i am taylor in for emily chang and this is bloomberg technology. apple considers bundling digital services. we have details. plus, the standoff simmers. alibaba founder jack ma says the risks 20 more years of trade tensions. we have his exclusive interview. and we look at the competitive space of rental kitchens. first, to our top story. apple says it is considering bundling its digital services including news plus, tv plus, and digital music. get more bid to subscribers. the tech giant is already experimenting with this kind of approach, offering free subscriptions for tv users to apple music. what are we bundling and why? said, apple wants to bundle together different paid services. they have had apple music since 2015. they came out with four or five new services this year. they want to lower the price if you subscribe to multiple. right now, apple music costs $10. news plus costs $10. play -- payorage, i three dollars a month. to $40 or, it adds up $50 depending on how much storage you have. imagine being able to get month.ing for $15 a that will generate recurring rev

taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology." coming up, cook facetime. president trump tours the austin factory at a time when the white house considers whether to exempt apple goods from the tariffs. we will have the latest. plus, senator josh hawley says a big tech is spinning tall tales. he wants facebook and google to stop tracking user data. and later, bill gates on how tech rmd is being seriously hampered. his comments from the bloomberg new economy forum. but we begin this hour with apple. the company made news on two fronts this week. the first, president trump's visit to the austin texas -- austin, texas factory. he met to discuss keeping macs and iphones free from tariffs. the other news involved the way apple tests software changing after a series of bugs marred the last system. we kicked off the conversation thursday. >> basically, apple's ios software has been bugging the past few years. this particular release cycle, it has been especially buggy. they are going to make it so that engineers earlier in the process can deter

♪ taylor: i'm taylor riggs, in for emily chang and this is the "best of bloomberg technology." where we bring you all of our top interviews from the week in tech. coming up london's transit authority refuses to renew uber's license. uber's ceo calls the decision wrong. they vow to appeal. margrethe vestager tells her they will push for a global tax. we will hear from her. strong debut. shares of alibaba the trading in hong kong, ending the first trading day above listing price. our top story, uber and its uncertain future in london. the city's transit authority has refused to grant them a license, saying uber failed to adequately verify driver identities. the ceo swiftly responded, tweeting that the decision was quote wrong. he had said safety is the company priority and will appeal the ruling. london's mayor says much more needs to be done with regards to safety. >> i am keen for london to be a hotbed of innovation but you have got to abide by the rules. what is clear is uber's policy and practices mean passenger safety is being compromised. emily: i caught up with a guest,

underwater and could see potential upside. taylor: walter, the volatility today, is this a day issue, week's issue or a month's issue? >> the average daily volume is 15 million shares. as lizette was saying, you are talking about one billion shares coming off of lockup. some of those shares are probably not going to trade. i don't think softbank, who owns about 2 million or so of the shares, are selling any time show soon. they are pretty bullish on rideshare and have a number of investments. but the founders of the company, we will see what they are doing. there are early venture investors and a host of other investors. it could take more than a couple days to digest through this. taylor: i want to take a look at a chart for the bloomberg audiences inside the terminal. it is the bearish sentiment around this stock. 1.4 for every call, showing more bearish sentiment into the -- into this. put that into perspective for us. we knew that day was going to come. do we expect more downside risk ahead? what are investors saying? >> investors are taking their cue from the results of ub

taylor: i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology." london transit authority refuses to renew uber's operating license over concerns about passenger safety. the company vows to appeal. ebay is selling stubhub to european rival via gogo. we will have details. going global. amazon joins forces with chinese retail app. is it a sign that black friday is broadening its reach. first, our top story. uber's future in the city of london is looking bleak. they are not allowing a license, the reason i'm a rider safety. >> the mood in london is that uber will have to follow a similar procedure has a few years ago. in 2017, it was denied a license the first time and it immediately appealed. as long as an appeal is ongoing, they are allowed to continue. wilbur said that they will appeal the -- wilbur said they it willsaid today appeal the -- uber said they will appeal the decision. as long as that appeal carries on through the courts, then it can stay on the ground. the question will be whether the company can make the changes in its software to a

taylor: i'm taylor riggs in san francisco in for emily chang, and this is "bloomberg technology." coming up, uber sinks. shares to a record low for the ride-hailing company as the lockup period expires. is the worst over? plus, rocky picture for roku. shares falling as much as 17 and after hours trading wednesday after the streaming platform posted third-quarter earnings that missed estimates. we also have details ahead. hack away. the u.s. government says russia, china, and iran will seek to meddle in u.s. elections going forward. how vulnerable are we? we get opinions from ethical hackers in our electioneering series. first to the top story, all about uber. shares hitting a record low. early restrictions lifted. shares in this year's largest u.s. ipo are now down nearly 40% since its may debut. for more, walter joins us with in new york. with me in san francisco, lizette chapman who covers the company for "bloomberg technology." give me the breakdown. what did we learn today? reporter: exactly what we expected. there was 1.7 billion shares outstanding. a large swath of them ha

♪ taylor: i am taylor riggs in for emily chang and this is "bloomberg technology." wework layoffs are set to begin this week in the u.s.. are lookingawmakers to make life harder for the chinese owners of the video app tiktok. and, trucks before taxis. will a driverless fleet give truckers more time at rest stops? first, to our top story. start says job cuts will this week. they said cuts will improve efficiency and accountability. bloomberg has learned that about 2000 jobs have been eliminated 's global 60% of wework workforce. ellen huet joins us with more. what do we know about these layoffs and their broader strategy of slimming down, if you will? ellen: it seems, based on this new memo that the executive chairman sent this morning, it --going to start "in ernest going to start " in earnest in the u.s. this week." it seems like maybe this week is going to be the big time. they had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday. on friday, we expect a five-year plan of the company. taylor: do we have an

taylor: i'm taylor riggs and this is "the best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up, the beat is on. apple's fourth-quarter results beat across the board despite sputtering iphone sales. profit and sales top estimates. we have complete coverage. plus, twitter political ad ban. ceo jack dorsey does what facebook's zuckerberg would not. twitter is banning political ads of all types. we have details. tesla owners talk. bloomberg conducts the biggest survey of tesla drivers today. -- to date. 5000, in fact. what they have to say about what elon musk is doing right and wrong. now, this week was dominated by tech earnings. apple beat across the board wednesday, topping estimates for both last quarter results and next quarter's forecast. this all despite sputtering iphone sales. highlights included sales and profits that topped analyst projections. services revenue also reached a record high. the ceo announced apple will launch a no interest iphone payments on the apple card, adding that the apple card is the most success

including the current and former top u.s. diplomats in ukraine bill taylor and marie yovanovitch. and a short time ago the impeachment committee released taylor's closed door testimony and described a quid pro quo saying it was his clear understanding that us aid to ukraine wouldn't come until the president committed to investigating joe biden and his son. we'll speak with hakeem jeffries and our correspondents and analysts are standing by. to capitol hill. manu raju is following all of the late breaking developments for us. this is about to enter a brand-new phase for the first time. the american people will hear directly from the key witnesses who are at center of this impeachment inquiry. >> reporter: significant development as democrats try to make the case to the american public that the president deserved to be impeached and removed from the office because in their view he abused his office by seeking ukraine to announce investigations into his political rivals including vice president joe biden. at the same time as vital military aid for that country to help combat russian aggr

♪ taylor: i'm taylor riggs in san san francisco. this is "bloomberg technology." coming up in the next hour, twitter upstages facebook. twitter ceo jack dorsey says they will ban all political ads as facebook sites free speech. you can't mention facebook without the cambridge analytica scandal of 2018. we hear from an essential figure from that period. and tesla owners, they are talking in part two of a bloomberg expansive study, thousands of model three owners. we examine whether parts and services are up to parts. twitter announces it will stop all political ads on their platform, with the ceo saying it's not about free speech. it's about paying for reach. that sentiment wasn't echoed by facebook as they reported earnings and reassured their stance when it comes to political ads. facebook ceo mark zuckerberg stayed on brand during the earnings call. mr. zuckerberg: i expect this will be a very tough year. we try to do what we think is right, but we're not going to get everything right. this is complex stuff. anyone who says the answers are simple hasn't thought long enough about

♪ taylor: this is the best of bloomberg technology, where we bring you all of our top interviews from this week in tech. coming up, disney plus, the company surpassed 10 million sign-ups in its first day. we will get details. goldman sachs controversy. we will hear from the cofounder on how he got caught up in the fray of gentrified accusations against goldman. we will bring you goldman's quick response. return of the mac. apple introduced the 16 inch macbook pro, starting at $2400. we'll rate its function and design. disney was the big winner of the week, signing up 10 million customers in one day for its service. despite technical glitches upon launch. disney plus became available on tuesday in the u.s. and canada. the original goal was 90 million subscribers in five years. it is poised to reach that goal sooner. i got the latest from chris palmeri. >> to put this in perspective, hbo now, cbs all access, espn plus, a lot of these guys have been in business for a few years and none of them hit 10 million. disney did it in a day. go back to 1974, this is peak disney. taylor: we c

♪ taylor: i am taylor riggs in for emily chang and this is "bloomberg technology." coming up in the next hour, wework layoffs are set to begin this week in the u.s. what this means for the future of the company amid a tumultuous year. plus, u.s. lawmakers are looking to make life harder for the chinese owners of the video app tiktok. we will have details on the new national security bill. and, trucks before taxis. driverless fleet give truckers more time at rest stops? first, to our top story. wework says job cuts will start this week. the struggling office sharing startup said that cuts will improve efficiency and accountability. bloomberg has learned that about 2000 jobs will be eliminated, some 16% of wework's global workforce. ellen huet joins us with more. what do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will? effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start "in earnest in the u.s. this week." they had already be

>> i am taylor riggs in san for emily chang, and this is "bloomberg technology." in the next hour, full steam ahead, anti-trust chief tells bloomberg the eu will push for a tech tax even if a global push fails. we hear from her. plus, fine-tuning forecasts. we will explore how technology is changing weather forecasting with pinpoint precision, an important tool when it comes to predicting travel tie ups and potential wildfires and potential opportunities in the space economy industry. it is estimated to reach $1 trillion. first our top story. the e.u.'s antitrust chief has made a name for herself as a tough regulator who is not afraid to go after big tech. wednesday, she told bloomberg that the e.u. will still pursue a digital tax even if a big push at oecd fails. maria tadeo talked to her in france, where she was asked how europe's revelatory posture on -- regulatory posture on technology is different than the u.s. and china. maria first and foremost, to : promote what we have going for ourselves already because in the business-to-business environment you find a lot of impressive

taylor: i'm taylor riggs in san francisco, and for emily chang, and this is "bloomberg technology." coming up in the next hour, uber disappoints. third quarter estimates missed. we break down the numbers. mcdonald's ceo out over an improper relationship. how does it affect the company's strategy of investing in tech? and, it is one year until the presidential election and states are struggling to update election systems. what it means for voter privacy and election security. uber is out with earnings and it is not a pretty picture. shares falling in afterhours trading on monday. growth bookings missed estimates. also light of estimates, uber eats and monthly active platform consumers. we want to bring in tom white, analyst with da davidson, who makes a market with uber and lyft. someone said he is a little bit surprised by the reaction given that they are a little bit more positive than negative. your take? >> i agree. when you look at the top line numbers, the revenue number was really strong. what the rates tell you is that uber is cutting down on subsidies and showing the impro

taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." coming up, a record low. uber stock sinks tuesday. food orders lag in the lockup looms. we have details. plus, what is going on for its biggest investor, softbank, which is poised to post earnings? plus, peloton posts earnings but investors question the path to profitability. the ceo says it is part of the plan. he tells wall street to look for the long game. and, many state and local elections are taking place tuesday. in our electioneering series, we examine free speech versus falsehoods when it comes to political ads. to ban or allow? it is pitting facebook against twitter. first, uber tanked on tuesday after failing to prove itself to wall street. while the ride-hailing app is projecting profitability by 2021, it did just not seem to be enough. shares hitting a record intraday loss. the reported a rocky quarter on for more, i want to bring in an monday. mkm partners executive director. walk me through the share price action tuesday. what is your take? >> thank you for having me.

operating system when they ship each september. taylor: tom, i know that you cover the fundamentals of the business. in your opinion when you analyze the company, at what point do you have to start to take a look at these software glitches and incorporate them into your analysis? tom: to the point it has a dampening impact on unit sales for the company, when you think about apple, they have had some snafus over time with their technology. it is not unusual for them to have issues with their software. but the challenge here is if you think about both new iphone users and then old iphone users who upgrade to the latest software, it is really part of that feel for the consumer of having the latest and greatest apple technology. so it is definitely something they need to improve. but when it has an impact on unit sales that is when i get real concerned about it. taylor: mark, i am curious, in your opinion, you have seen apple come out with these glitches and have to quickly issue new updates. is it better to do that, to get out to the customer first, or would you prefer to see them roll it

♪ taylor: i am taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." coming up in the next hour, strong debut. shares of alibaba begin trading in hong kong, ending the trading day more than 6% above the list price. plus, check the books. startup bookkeeping draws scrutiny. we have details. and we hear from the viagogo chairman and founder after that stubhub cash deal from ebay. first, our top story. five years ago, alibaba pulled off its biggest ever ipo on wall street, and today, it rang up the biggest share sale in hong home -- in hong kong in 10 years. the listing is being seen as a triumph for a stock exchange. stars toyears it lost u.s. rivals. this comes as pro-democracy protest have gripped the city for weeks. joining us from washington, john freeman, vice president of equity research at cfra. if you take a look at the company raising an additional $11 billion, where do you see that company in terms of that use of cash? thank you for having me. it will be interesting to see what they do with the extra cash. i think that brings them to about $4

could see potential upside. taylor: walter, the volatility today, is this a day issue, week's issue or a month's issue? you talk about one billion shares coming off of lockup. some of those shares are probably not going to trade. i don't think softbank, who owns about 2 million or so of the shares, will trade any time soon. they are pretty bullish on rideshare and have a number of investments. but the founders of the country -- company, we will see what they are doing. there's a host of other investors. it could take more than a couple days to digest through this. taylor: i want to take a look at a chart for the bloomberg audiences inside the terminal. it is the bearish sentiment around this stock. every call, showing more bearish sentiment into the spirit put that into perspective for us. we knew that day was going to come. do we expect more downside risk ahead? what are investors saying? reporter: investors are taking their cue from the results of uber who reported monday. at that time, it was mixed, noisy. the upshot where a couple of things. one of them was that growth was the s

eith excerpts. when ambassador bill taylor, his testimony reverb rated even among republicans on capitol hill. so as we start sorting through this transcript, let's begin this hour with kylie atwood who is in washington. kylie, i know we're all just start to go read this transcript. what do you know about any key excerpts so far? >> yeah. well, brooke, we are just going through this. it's over 300 pages. detailing everything specifically that bill taylor, the top u.s. diplomate in use crane told lawmakers. what was key about bill taylor's testimony is that we saw the opening statement. that in and of itself was 15 pages. and he went through a very detailed account of everything that he has documented over the last few months as the top u.s. diplomate in ukraine. after he gave that opening statement in which he told lawmakers that he was told by ambassador gordon sondland that everything, including u.s. security assistance, ukraine getting that security assistance, was dependent on ukraine coming out and publicly saying that it would be opening investigations into with burisma, bi

testimony in which the top u.s. diplomat in ukraine bill taylor consistently and in detail describes the trump white house pushing the ukrainians in what taylor sees as a quid pro quo. a white house meeting and hundreds of million dollars in aid for ukraine only if the ukrainian government announced investigations that trump clearly saw as helpful to him. taylor testified that president trump's point man in the administration on ukraine gordon sondland, quote, told me that president trump had told him that he wants ukraine president zelensky to investigate burisma and interference in the 2016 election. burisma is the ukrainian company on which joe biden's son hunter served on the board. he testified, that is my understanding. security assistance money would not come until the president of ukraine committed to pursue the investigation question. so if they don't do this, they won't get that. was your understanding? taylor, yes, sir. question. are you aware that quid pro quo means this for that. i am. and he describes an odd shi-- a odd situation by stating that something is not a quid

. you need this bed. ♪ taylor: this is "bloomberg technology." coming up, apple overhauls tests after the iphone 11 launch was riddled with bugs. we will have details. and later, microsoft cofounder bill gates seriously hampered by ongoing u.s. trade tensions. his comments from the bloomberg new economy forum. and electric fever. tesla is set to unveil its electric pickup truck. we will have the latest. first, to our top story. apple is overhauling how it tests software. bloomberg has learned the system is changing after a swarm of bugs marred the latest iphone and ipad. the goal is to make it easier to spot problems earlier. this comes one day after president trump's visit to apple's austin, texas factory where ceo tim cook met the president to discuss keeping iphones free from tariffs. let's bring in tom forte and bloomberg technology's mark gurman. what do we know about the software change? mark: apple's ios software has been bugging the past few years. what apple is doing is they are going to make it so engineers earlier in the process will determine what is buggy, what is working

taylor. after the zelensky meeting, i also met with zelensky's senior aide, andre yermak. i don't recall the specifics of our conversation, but i believe the issue of investigations was probably a part of that agenda or meeting. also, on july 26th, shortly after our kiev meetings, i spoke by phone with president trump. the white house, which has finally, finally shared certain call dates and times with my attorneys, confirms this. the call lasted five minutes. i remember i was at a restaurant in kiev and i have no reason to doubt that this conversation included the subject of investigations. again, given mr. giuliani's demand that president zelensky make a public statement about investigations, i knew that investigations were important to president trump. we did not discuss any classified information. other witnesses have recently shared their recollection of overhearing this call. for the most part, i have no reason to doubt their accounts. it's true that the president speaks loudly at times and it's also true, i think we primarily discussed asap rocky. it's true that the president like

two months to july before the july 25th call. and you testified, ambassador taylor, in your opening statement, that it was in the middle of july when you understood that the white house meeting was first a condition on these investigations; is that accurate? >> >> yes. we were preparing and i agreed that the white house meeting was going to be an important step in u.s.-ukrainian relations. so, in june and in early july, attempts to work out a way to get that meeting included a phone call. and so there were several conversations about how to have this phone call that eventually happened on july 25th. >> and you described in your opening statement a july 10th white house meeting with a number of officials where ambassador bolton used term that something was a drug deal. what did you understand him to mean in hearing that he said -- used this term drug deal? >> mr. goldman i don't know what ambassador bolton had in mind. >> was that in relation to a discussion related to the white house meeting that president zelensky wanted and in connection with to the investigations? >> the context

taylor: i am taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." strong debut. shares of alibaba begin trading in hong kong, ending the trading day more than 6% above the list price. bookkeeping with scrutiny. and we hear from viagogo chairman and founder after that stubhub cash deal from ebay. five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. the listing is being seen as a triumph for a stock exchange. it comes as pro-democracy protest have gripped the city for weeks. joining us from washington, john freeman, vice president of equity research at cfra. if you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash? john: it will be interesting to see what they do. i think that brings them to about $43 billion in total, 21 in net cash. i would like to see them invest more heavily into the cloud business which is a percent of revenue now, it was growing 64% year-over-year growth in the last quarter. we have seen this movie befo

>> i'm taylor riggs in san francisco in for emily chang and technology."mberg coming up, bottom line versus data breaches. questions for facebook after leaked court documents emerge. plus, trouble woes. online travel company expedia shares falling after they post disappointing earnings. we hear from the ceo in an exclusive interview. media giantal disney beats fourth quarter bottom-line estimates. we will break down the results ahead of disney's highly anticipated streaming platform debut. stories.r top facebook continues to struggle to read and trust over how it handles user data. that has become more complicated. there has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. it is something facebook publicly touted when it decided five years ago to cut off tens of thousands of developers from its platform. to discuss, i'm joined by bloomberg technology's sarah frier and ben brody in washington. let me start with you, sarah. you covered this story. what do we know from these documents? reporter: the documents give us this i

♪ taylor: i am taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." coming up the next half-hour, launch day. disney's streaming service disney plus is hit by technical issues in its debut but some call it temporary setbacks. the media giant will meet its as 90 million users in five years. plus, fake news divisions. the current tinderbox that is hong kong. how false news and rumors are playing a part in protests. market share, buyers trade in bmw's and toyotas for tesla's model 3. more on bloomberg surveys. more on elon musk had car. first, to our top story. the launch of disney's streaming was -- streaming service was met with some technical glitches and crashes, but still, disney plus generated excitement and buzz all over social media. adding to the continued streaming wars. for more, we are joined by rick springfield and bloomberg's lucas shaw. who covers the streaming wars for us. are the technical glitches perhaps a good sign, showing that demand exceeded expectation? rick: honestly, i have no idea. the reality is that technical glitches are s

. taylor: we can see the technical glitches. we can shrug those off. >> that is what disney was saying. if we knew how many people were trying to sign up, we could not plan this. they had an incredible deal with verizon communications where 19 million customers could access the service for a year for free. even the free customers, disney is getting paid a wholesale rate from verizon. taylor: we don't know where the demand is coming from. what is driving it? >> disney does a fantastic job of marketing. they have the biggest synergy campaign ever. they promoted it on monday night football. they promoted it on abc. they had advertisements at the theme park, disney radio, they had espn correspondents tweeting about it. everything from marvel to pixar to star wars, they threw it all at this service. taylor: where does disney fit in the streaming wars? >> they are netflix's biggest rival. the stock market reaction has showed that. netflix took a fall. disney surged. that is what we are seeing. disney has become a textdot. the company estimated subscriber counts to be 90 million in five years

leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. taylor: this is "bloomberg technology." i'm tailoring in san francisco. on wednesday, donald trump's effort to tout economic growth clashed with his tariff war. visited an apple factory in austin, texas, where discuss keephim to an eye phones free from tariffs. i want to bring in "bloomberg technology"'s mark gurman. give me your thoughts on how the meeting went between tim cook and president trump. mark: i just watched it. tim cook was there with trump. ivanka trump was there. as well as executives from flex, the facility where the computer is being built. tim cook basically walked trump around the facility, talked about the components that go into the mac pro and how its final assembly is in austin, texas, while the components are built in china, they are imported from texas. the big news moment that happened is when bloomberg asked president trump if this is going to lead to some sort of exemption on overall china tariffs for apple, and trump said that is something that his administration is looki

watching williams tomorrow, it's a fascinating cast. >> there's an interesting passage in taylor's deposition transcripts about exactly this, and it's one of those things that the republicans really -- i focused on the republican testimony, rachel, the republican question because there isn't any. it's like there's just nothing there. republicans don't release highlights of thedes because there are no republican highlights of thede depositions. one of the things that the republican committee council spent a great deal of time on was the question of a subpoena to ambassador taylor. and he clarified in there -- by the way, totally irrelevant, right? why use your time on that? but for our purposes right now, he clarified in there when ambassador taylor did get a subpoena, the state department did not say to him defy the subpoena. at that point the state department pulled back and said -- just sort of pulled away from that. but before they got the subpoena the state department goes hands-off. so that's one process that was revealed pretty clearly in that testimony. >> this is white hous

other u.s. leaders saying something else. >> ambassador taylor, would you agree with that, sir. >> i would. >> is there anything you'd like to add how it mike mate it more difficult for you to do your job, sir? >> our credibility is based on a respect for the united states, and if we damage that respect, then it hurts our credibility and makes it more difficult for us to do our jobs. >> anyone looking at the facts can see what happened was an abuse of power. anyone looking at the facts can see that what happened was unethical. anyone looking at the facts can see, anyone, looking at the facts, can see that what went on was just plain wrong. i yield back, mr. chirp airman. >> mr. jordan. >> thank you, mr. chairman. 55 days, since july 18th and september 11th a delay sending hard-earned tax dollars of the american people to ukraine. not any country. ukraine. young said one of the three most corrupt countries on the planet. witness friday ef it had in her deposition corruption is not just prevalent in ukraine. it's the system. so our president said time-out. time-out. check out this new

♪ taylor: i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology." coming up in the next hour, fed scrutiny. we work faces possible rules violations. plus the multistate investigation into google's ad business extends to its android operations. we will have the latest. the week that was. disney's new streaming service proved to be the new magic kingdom while the apple kingdom -- apple card can't shake its controversy. first it's all about our top story, we work. they're set to face the securities and exchange inquiry into possible rules violation into the run-up of its failed ipo. the agency's review was said to be preliminary and may not lead to an enforcement case. the company at one point was worth 47 billion dollars before it fell out of favor and needed a bailout from softbank. -- more outlets bring in congratulations on the story. what we know so far about the inquiry? an inquirythere is happening. it is early, preliminary, we don't know what might come of it. we do know that we work has taken steps to respond to it. they have hired who used